Innovator Intl Developed Power Buffer ETF

Frequently Asked Questions About IAPR

What does IAPR invest in?

The Innovator International Developed Power Buffer ETF (IAPR) is designed to mirror the performance of the iShares MSCI EAFE ETF (EFA). It offers a degree of downside protection by absorbing the initial 15% of any losses sustained over a specified "outcome period." However, this protection comes with a trade-off, as potential gains are limited by a pre-set maximum. Investors can hold this ETF perpetually, as its cap and buffer terms are renewed and redefined at the close of each outcome period, which typically occurs on an annual basis.

What is the expense ratio of IAPR?

Innovator Intl Developed Power Buffer ETF (IAPR) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

How big is IAPR?

Innovator Intl Developed Power Buffer ETF (IAPR) manages $197.7M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is IAPR actively managed or an index fund?

IAPR's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was IAPR launched?

Innovator Intl Developed Power Buffer ETF (IAPR) launched in April 2021 and is managed by Innovator.

How has IAPR performed?

IAPR's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.